Fam Value Correlations

FAMVX Fund

USD 101.06 0.53 0.52%

The current 90-days correlation between Fam Value Fund and One Choice Portfolio is 0.79 (i.e., Poor diversification). The correlation of Fam Value is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fam Value Correlation With Market

Good diversification

The correlation between Fam Value Fund and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Value Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fam Value Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Fam Mutual Fund

0.85	FAMFX	Fam Small Cap	Pair Corr
0.92	FAMEX	Fam Equity Income	Pair Corr
0.72	FAMDX	Fam Small Cap	Pair Corr
1.0	FAMWX	Fam Value Fund	Pair Corr

Moving against Fam Mutual Fund

0.6	GAAKX	Gmo Alternative Allo	Pair Corr
0.6	GAAGX	Gmo Alternative Allo	Pair Corr
0.44	GPMFX	Guidepath Managed Futures	Pair Corr
0.4	GPBFX	Gmo E Plus	Pair Corr
0.76	ATOIX	Alpine Ultra Short	Pair Corr
0.76	SCFVX	Pgim Securitized Credit	Pair Corr
0.68	DRRCX	Dreyfus Global Real	Pair Corr
0.65	FGBMX	Fidelity New Markets	Pair Corr
0.57	PQTAX	Pimco Trends Managed	Pair Corr
0.57	PQTNX	Pimco Trends Managed	Pair Corr
0.57	PQTIX	Aa Pimco Tr	Pair Corr
0.56	WARCX	Wells Fargo Advantage	Pair Corr
0.55	GIRPX	Goldman Sachs Emerging	Pair Corr
0.53	FCTRX	Nuveen Necticut Municipal	Pair Corr
0.52	VQNPX	Vanguard Growth And	Pair Corr
0.52	FSYJX	Fidelity Sustainable	Pair Corr
0.5	LIWIX	Blackrock Lifepath Index	Pair Corr
0.49	TAAQX	Transam Short Term	Pair Corr
0.48	GTLLX	Large Cap Growth	Pair Corr
0.44	MXQBX	Great West Lifetime	Pair Corr
0.37	ESFHX	Eaton Vance Floating	Pair Corr
0.65	FNNEX	American Funds	Pair Corr
0.62	TWDAX	Templeton World	Pair Corr

Related Correlations Analysis

	AOMIX	BEQGX	CLCRX	HFCIX	SDLAX	CSVYX	SPFZX	LISIX	RLITX	LCIAX
AOMIX		0.83	0.9	0.51	0.84	0.68	0.93	0.8	0.8	0.85	AOMIX
BEQGX	0.83		0.88	0.61	0.99	0.62	0.9	0.64	0.64	0.99	BEQGX
CLCRX	0.9	0.88		0.45	0.87	0.47	0.95	0.63	0.63	0.86	CLCRX
HFCIX	0.51	0.61	0.45		0.64	0.44	0.57	0.52	0.52	0.63	HFCIX
SDLAX	0.84	0.99	0.87	0.64		0.67	0.9	0.63	0.63	0.99	SDLAX
CSVYX	0.68	0.62	0.47	0.44	0.67		0.6	0.52	0.52	0.7	CSVYX
SPFZX	0.93	0.9	0.95	0.57	0.9	0.6		0.71	0.71	0.91	SPFZX
LISIX	0.8	0.64	0.63	0.52	0.63	0.52	0.71		1.0	0.66	LISIX
RLITX	0.8	0.64	0.63	0.52	0.63	0.52	0.71	1.0		0.66	RLITX
LCIAX	0.85	0.99	0.86	0.63	0.99	0.7	0.91	0.66	0.66		LCIAX
	AOMIX	BEQGX	CLCRX	HFCIX	SDLAX	CSVYX	SPFZX	LISIX	RLITX	LCIAX

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Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam Value Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fam Value's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AOMIX	0.32	0.03	(0.08)	(0.34)	0.43	(0.33)	0.72	(0.66)	2.76
BEQGX	0.54	0.01	0.01	0.08	0.76	(0.54)	1.35	(1.21)	4.18
CLCRX	0.51	0.06	(0.01)	(0.45)	0.67	(0.52)	1.19	(0.77)	3.97
HFCIX	1.47	(0.02)	0.00	0.05	1.85	(1.51)	3.27	(3.10)	9.63
SDLAX	0.53	0.00	(0.01)	0.06	0.70	(0.58)	1.13	(1.11)	4.55
CSVYX	0.79	(0.04)	(0.02)	0.03	0.95	(0.89)	1.76	(1.50)	7.50
SPFZX	0.75	0.10	0.02	(0.54)	1.04	(0.74)	1.60	(1.78)	5.11
LISIX	0.51	0.00	(0.10)	0.08	0.65	(0.54)	0.87	(1.16)	3.06
RLITX	0.51	0.00	(0.10)	0.08	0.65	(0.56)	0.87	(1.20)	3.06
LCIAX	0.51	(0.01)	(0.01)	0.06	0.73	(0.50)	1.19	(1.12)	4.31

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